depression
*noun*; prolonged economic crisis characterized by drastic (i.e., >20%) decline in output, reduction in employment, and deflation. Other technical conditions include a liquidity trap and "permanent" (i.e., persisting in many sectors for several quarters) failure to reach equilibrium. Usually the word "depression" (when referring to economics) is used to refer to the Great Depression, although in fact there were eight incidents of a global depression between 1815 and 1922. These were --- 1815-21 --- 1832-33 --- 1837-44 --- 1854-57 --- 1867-68 --- 1876-79 --- 1893-96 --- 1920-22 In addition, there have been many localized depressions, panics (e.g., the 1907 Panic {USA}, followed by the Mexican Depression of 1908), and recessions. DIFFERENCE BETWEEN RECESSION & DEPRESSION The technical distinction between a recession and depression can vary, although economists usually agree on which is which. In Keynesian economics, a depression is defined by the existence of a flat liquidity-money (LM) curve (which means that interest rates have no influence on people's determination to hold their wealth as cash); and/or a nearly vertical investment-savings (IS) curve (which means interest rates have no influence on the willingness of entrepreneurs to expand/continue operations). In contrast, a recession is a much less drastic event. Interest rates still have influence on investment and liquidity, and there is no deflation. Conventional fiscal policy and monetary policy, combined and in moderate doses, can restore full employment. Neoclassical economics/New Classical economics defines a recession as a shift in people's income/leisure preferences as the result of a technology shock. The technology shock sharply reduces the returns to labor, so workers are paid less and many withdraw their labor from the market. In a depression, the technology shocks are compounded and cause a permanent change in the production function; large numbers of enterprise are no longer viable. More generally, a recession involves the downward phase of a routine business cycle; these typically occur every three-seven years. A depression represents a partial collapse of the industrial system, and a comprehensive collapse of the financial system.
The Urban Dictionary Mug
This mug is great! It comes in perfect condition and I love that you can change the definitions! I put my name and then I put the definition as ‘the best person’. Made my day every time I picked it up.
My name is Asher, I looked my name up a few days ago and we all had a good laugh. Now, this mug is my go to morning mug for drinking my herbal tea and plotting to take over the realms.
I just love it. Just like I ordered!
Exactly as promised.
To beginulate, the muglification of the vessel is both pleasing to the eye as well as the hand. Secondly, the option of choosing one's own colors adds to the lessening if the so called " buyer's remorse" which so often accompanies modern "on line" purchases.
My husband absolutely loves this! This was a difficult product to find but it turned out perfectly! He was cracking up. Definitely worth the buy.
I bought this mug for my daughter for Valentine’s Day. She saw the different descriptions of her name on your site, and read every one of them!! She then found a mug with everything written about her name on it. So, I am surprising her with it. The mug looks great. Quick delivery!
I live in a Hillbilly Condo & love my flamingo pink mug.
Annie from the customer service team helped me out tremendously with some adjustments that I wanted done after my order was placed. I really appreciate her willingness to go above and beyond for my request. The product was received exactly how I wanted it! One happy customer over here. Thanks!
I love the item I ordered but found the website a little difficult to navigate.
Now this has been my favourite mug by far. I put the word of scrunkly on it just as i had envisioned. Now to know why i picked a scrunkly mug, we need to go back all the way to the year of 2016. It was a day like no other, the birds were tweeting. We were all laughing while playing in the playground. Then came that fateful moment. A cackle was heard screeching throughout the lands. I turned my head in complete and utter fear. Two seagulls stood there. One was cackling while a red liquid dropped from its mouth. The head of the seagull next to it was missing. The seagull had consumed its friend's head! A betrayal, no... a parley even! To this day I still hear the words which left that evil beast's beak. It said, "Awww, the scrunkly". It then flew off into the sunset, leaving nothing but chaos and carnage behind. Anyways 10/10 for the mug. Would buy again.
Came in like ordered, solid mug
The mug arrived as shown and expected. But, it is an average mug and the cost is quite high. It's funny and good as a one time gift. If we needed several, the cost would be prohibited. Again, funny product and as expected.
Love it. I can't wait to give it as a gift yo
This is lafayetti yummi yum yum Oui oui mon ami je m'appelle lafayette The lancelot of the revolutionary set I came from afar just to say "Bonsoir" Tell the king "Casse toi" Who's the best C'est moi
Awesome purchase, I can't wait to show off my "Progressively Straight" mug at Starbucks.
Mug was delivered undamaged just as ordered.
My order came quickly. Packaged well. Great job.
IT WAS MUG! CAME QUICK & SAID THING. HAVE NOT TASTED YET. NOT SMELL BAD, BUT DISHWASHER NONETHE LESS....
Henceforth, I am unable to leave a negative review for this amazing cup.
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